Nigeria Content Online

Falling inflation
in Namibia has cushioned the southwest African nation’s exports from
the effect of a strong currency, central bank governor, Ipumbu Shiimi,
said on Thursday.

Mr. Shiimi also
told Reuters he expected “no dramatic increase” next year in annual
inflation, which stood at a five-year low of 3.9 percent in October,
despite the expected food and oil prices.

“Because of the benign inflationary environment, the relative rise in export prices is limited to 1 to 6 percent,” he said.

“Exports did suffer, but not in the region of a 30 percent drop that
could be expected on the basis of the exchange rate. We are a bit
worried, but it is not a life and death situation,” he added.